The short-covering increase signal has already become invalid, with no direct catalyst at the moment.
For the earlier signal, the first price was 21.553. The key evidence was that trading volume surged by 6.5x, and the open interest over 10 minutes increased by 1.87%. The confirmation price was 20.7352, but now the price has already risen above the invalidation price of 22.2072.
At the current price of 22.364, the bearish thesis for this move is basically dead.
$VVV
For the earlier signal, the first price was 21.553. The key evidence was that trading volume surged by 6.5x, and the open interest over 10 minutes increased by 1.87%. The confirmation price was 20.7352, but now the price has already risen above the invalidation price of 22.2072.
At the current price of 22.364, the bearish thesis for this move is basically dead.
$VVV